President Donald Trump issued an executive order (EO) on April 21 directing Treasury to review "all significant" regulations issued after Jan. 1, 2016, and recommend for modification or...

The tax reform principals in the executive and legislative branches, known as the "Big 6," have continued their efforts to promote tax reform as Congress is in the midst of a particularly politically charged...

The lack of a proper CEO succession plan can be costly: Stock prices drop and shareholder value diminishes.

Failure to file the election with CRA on a timely basis may result in assessments for the otherwise applicable tax plus associated interest.

The IRS released proposed regulations (REG-135524-14) that would eliminate the requirement for individuals to attach Section 83(b) elections to their individual income tax returns for the year the election is made.

Taxpayers planning to claim Section 1603 cash grants in lieu of the Section 45 production credit or Section 48 investment credit for certain alternative energy property must file an application no later than Sept. 30, 2012, whether or not the property has been placed in service.

In a unanimous decision released this morning in Grant Thornton LLP v. New Brunswick, the Supreme Court of Canada restored a judgment of the New Brunswick Queen's Bench that dismissed as statute-barred a $50 million ...

The Financial Executive Compensation Survey 2016 of public and private company senior-level financial executives saw an average reported salary increase of 4.0% for all respondents.

Shortly before breaking for the August recess, the US Senate voted to approve commissioners to both the CFTC and the FER), providing both agencies with enough commissioners for a functioning quorum.

The IRS Office of Chief Counsel ruled in a private letter ruling (PLR 201732012) released Aug. 11 that interest received by a REIT was qualifying income for purposes of the REIT income test under Section 856(c)(3).

The president on Nov. 2 signed a sweeping budget compromise into law that will replace the current partnership audit procedures with a new process that dramatically increases the payment and reporting responsibilities for partnerships.

House Ways and Means Committee Chair Dave Camp, R-Mich., indicated last week that he plans to release a full tax reform bill as early as Feb. 26.

The Tax Court held that a partner who received payments for consulting services performed on behalf of the partnership was guaranteed payments under Section 707(c).

The U.S. Court of Federal Claims ruled that the taxpayer was not entitled to a refund of FICA taxes he paid because his employer filed for bankruptcy protection.

The House Budget Committee voted 20 to 16 on March 16 to approve a budget resolution that would give the House Ways and Means Committee authority to move tax legislation...

The IRS announced that virtual currency, such as Bitcoin, is treated as property for federal tax purposes.

The IRS Integrity and Verification Operations group is delaying a number of taxpayer refunds to screen for identity theft and refund fraud.

Final regulations provide an exception to the general rule that local lodging expenses incurred by or on behalf of an individual are personal expenses that are not deductible.

Final regulations amend the regulations originally issued under HIPAA regarding excepted benefits, including dental and vision benefits.

The IRS has issued guidance (Notice 2017-23) for the new provision allowing eligible taxpayers to claim up to $250,000 of R&D credit against payroll taxes.